money owed to another person or organisation such as a bank
1 of 5
what is the definition of ''benefits''?
money and other financial support that the government provides for people who are unable to get any other income.
2 of 5
what is the definition of ''mortgage''?
a large loan to buy a house or a property.
3 of 5
what is the definition of ''recession''?
a period of economic downturn which means less money moving around the economy; people spend less, wages decrease, unemployment increases, company profits decrease, and so on.
4 of 5
what is the definition of ''surplus''
more income than expenditure; more money coming in than being paid out.
5 of 5
Other cards in this set
Card 2
Front
what is the definition of ''benefits''?
Back
money and other financial support that the government provides for people who are unable to get any other income.
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